Two new buyouts for ABN AMRO Capital

ABN AMRO Capital has announced two new deals, backing the buyouts of Dutch group Sdu and nautical equipment manufacturer Vetus Den Ouden.

Allianz Capital Partners and ABN AMRO Capital each agreed to acquire 50% of Sdu, a publishing and security identification group, in a transaction valued at €415m.

Sdu’s acquisition of Wolters Kluwer’s 25.9% minority stake in Sdu Publishing forms part of the buyout, and consequently both investors will jointly acquire full ownership of Sdu.

The group has two divisions: Sdu Publishing, which published legal journals and books, and Sdu Identification, which focuses on security identification systems.

Marc Staal from ABN AMRO Capital said: “Sdu is well-placed to take advantage of the growth potential in the contract publishing sector by focusing on introducing new technologies to support the transfer from printed material to online product offerings.”

The Dutch government put Sdu up for sale in February last year, with first round bids submitted in July. Other private equity firms to have reached earlier rounds included UK buyout houses Candover and 3i.

ABN AMRO Capital has also agreed to buy Vetus Den Ouden, a manufacturer of branded nautical equipment, from AlpInvest Partners and the company’s founder for an undisclosed sum. The announced deal comes at the end of a competitive auction.

The deal sees ABN AMRO Capital taking a majority stake in Vetus. The management team will also invest, while Rabobank and Fortis will provide debt funding.

The company achieved turnover of some €54m in 2006.